Answer :

Final answer:

After the tender closing time, the evaluation process begins, with the tender board reviewing bids against project requirements. Clarifications or negotiations may occur before the contract is awarded to the successful bidder, followed by formal project closure activities.

Explanation:

After the tender closing time, the bid evaluation process begins. This involves a detailed examination of all bids submitted by the competing contractors to ensure that they meet the project requirements and offer good value for money. A tender board or evaluation committee typically reviews the tenders, focusing on key factors such as cost, feasibility, contractor experience, and compliance with the project specifications

Next, the evaluation committee may engage in clarifications or negotiations with the bidders to resolve any uncertainties or to discuss aspects of their proposals. Once a preferred bidder is selected, other bidders are usually informed about the decision, and depending on the jurisdiction and specific rules of the tender process, there may be a standstill or objection period allowing for appeals.Finally, the process concludes with the award of the contract to the successful bidder. The award is followed by the signing of a contract, after which the closing process group formalizes the completion of procurement activities. This includes signaling the formal project closure by handing off deliverables, completing all contracts, and reassigning resources as necessary.

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